22,512 Shares in Smurfit Westrock PLC $SW Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new stake in Smurfit Westrock PLC (NYSE:SW) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 22,512 shares of the company’s stock, valued at approximately $958,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Smurfit Westrock by 1.6% in the second quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock worth $3,472,329,000 after purchasing an additional 1,233,997 shares during the period. State Street Corp grew its stake in Smurfit Westrock by 1.7% during the second quarter. State Street Corp now owns 20,779,789 shares of the company’s stock worth $896,661,000 after buying an additional 339,787 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after buying an additional 8,286,205 shares in the last quarter. Norges Bank bought a new position in Smurfit Westrock in the 2nd quarter valued at about $749,735,000. Finally, Bank of New York Mellon Corp raised its position in shares of Smurfit Westrock by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,693,951 shares of the company’s stock valued at $370,101,000 after buying an additional 193,099 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW opened at $46.93 on Friday. The stock’s 50-day moving average is $43.42 and its 200-day moving average is $41.57. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $53.25. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a market cap of $24.51 billion, a P/E ratio of 35.28 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, February 11th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.12). Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%.The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th will be given a dividend of $0.4523 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.81 annualized dividend and a yield of 3.9%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio is 135.34%.

Insider Activity

In other news, CFO Ken Bowles sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the transaction, the chief financial officer directly owned 151,644 shares in the company, valued at $7,773,271.44. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of Smurfit Westrock stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. This represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SW shares. Citigroup increased their price target on shares of Smurfit Westrock from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Monday, December 29th. Barclays lifted their price target on Smurfit Westrock from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Wells Fargo & Company upped their price objective on Smurfit Westrock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.20.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.